Displaced Homemakers Opportunity Act

Summary

Displaced Homemakers Opportunity Act - Amends the Internal Revenue Code to allow employers an income tax credit for expenses of occupational training, received either on the job or through a qualified training organization, of displaced homemakers. Defines "displaced homemaker" as an individual who: (1) was a homemaker for five years; (2) had no, or insufficient, occupational skills at the time of hiring; (3) entered the work force due to the death or disability of, or divorce from, the wage-earning spouse; and (4) is employed by the taxpayer at the close of the taxable year. Excludes from such definition any individual with respect to whom the taxpayer has been allowed a targeted jobs tax credit. Provides for the recapture of the tax benefit received under this Act in the event the taxpayer discharges a displaced homemaker without reasonable cause.

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Timeline

1. 18 November 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 18 November 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 1 December 1983

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department, Labor Department.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 18 November 1983

  Open at official source

Sponsors

• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. Hawkins, Paula [R-FL] · R · Sponsor
• Sen. McClure, James A. [R-ID] · R · Cosponsor
• Sen. Warner, John [R-VA] · R · Cosponsor
• · ssfi00 · Standing

Related records

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